On January 1, 2021, Sheffield Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 123,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 101,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 57,000 shares of treasury stock (a) Your answer is correct. Determine the weighted-average number of shares outstanding as of December 31, 2021. (b) The weighted-average number of shares outstanding eTextbook and Media Your answer is correct. 1699025 Attempts: 1 of 6 used Assume that Sheffield Corp. earned net income of $3,577,000 during 2021. In addition, it had 95,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.) Earnings Per Share eTextbook and Media Your answer is correct. 2.11 Attempts: 1 of 6 used Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.) (d) Earnings Per Share $ eTextbook and Media Your answer is partially correct. 1.60 Attempts: 2 of 6 used Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $413,000 (net of tax). Compute earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.) Sheffield Corp. Income Statement Net Income/(Loss) Loss From Discontinued Operations Income From Continuing Operations $